The loved ones are not always forever. There are instances in which I observe the loved one spending money unnecessarily. I will give my inputs on such spending pattern once. If I do it more than once, they might find me to be a complaining king. The circumstance in which one restraints much of the complaint, is much more effective.
I have been working from 8.30am to 11.00pm, There is about a whopping 15 hours of work. It will be 75 hours of work in a week. I can withstand the long working hours. However, I know that I will be down with some sort of illnesses in time to come. The organisation (which I currently work) will not care for my well-being and is ready to replace me when I am unable to work further with illness. This is the fact in which I am being aware all this while. Some of you may have asked me the reason in which I continue to work long hours. The reason is due to the sheer amount of work within super-short timeline. I need to put in extra hours of work to complete. My co-workers (with an exception of one) do not put in such long working hours.
I am not going to allow the current circumstance to linger on for longer. I will make plan to exit the current circumstance. The saving grace is that I have the financial investment portfolio to rely on and I estimate that I do not have the full-time employment until 2042 with the current investment portfolio (with the return of 6.4% per annum). I will be 64 in 2042 provided that I am still alive at that point in time. Life is unpredictable and I take this factor into consideration.
In event if my lifespan does not sustain that long till 2042, it is considered as a plus point. The investment portfolio is sufficient to last for the remaining life span of my life.
The above excludes the Central Provident Fund (“CPF”) saving which can last me for a minimum of another 16 years based on the current annual expense. This is with the assumption in which I do not take up any CPF annuities plan. The existing CPF annuity plan is as follows:
I am not inclined take up CPF annuity plan for retirement. It will be prudent for me to invest in the share which is ongoing on my own.
If I quit from my current full-time employment, it does not mean that I will be lazing around. I will take up some side hustle and do the work as per my interest. The first thing I will do is to contribute my inputs to my beloved football club (fan-owned fan). I already identify this area as my interest.